journalise the following transaction and post them into ledger.
March
2013
Jan. 1 Assets Cash in hand Rs. 1,500 Cash at bank Rs. 70,000.
Re 45.000 -- Machinery Rs. 1,20,000 ; Debtors Rs. 30, 000 ; stock Rs 45000
Liabilities: Sundry creditors Rs. 25,000 ; Loan Rs. 60,000.
2 Bought goods on credit from Chatterjee & Co. Rs. 12,000.
3 Sold goods for cash Rs. 5,000.
5 Sold goods to Sen Brothers on credit Rs. 8,000.
Received from sundry debtors in full settlement of amount due
2013 Rs. 28,000.
9 Payment made to sundry creditors by cheque Rs. 24,000.
They allowed discount Rs. 1,000.
10 Obsolete machinery sold for cash Rs. 2,000.
The
11 Bought goods for cash Rs. 8,000.
Jour
12 Received cheque from Sen Brothers and cheque deposited in 2018
Rs. 7,500. Discount allowed to them Rs. 500.
Jan
14 Paid cheque to Chatterjee Brothers Rs. 12,000.
16 Cash deposited into bank Rs. 1,500.
18 Paid municipal taxes in cash Rs. 750.
Answers
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Answer:
May 1, 2019 Purchased goods for cash Rs.10,000
2 Withdrawn cash from office for personal use Rs 1500.
3 Purchase goods on credit from ABC Traders Rs. 6,55000
5 Sold goods to Jayant 50,000
8 Cash deposited into bank Rs 2500.May 1, 2019 Purchased goods for cash Rs.10,000
2 Withdrawn cash from office for personal use Rs 1500.
3 Purchase goods on credit from ABC Traders Rs. 6,55000
5 Sold goods to Jayant 50,000
8 Cash deposited into bank Rs 2500.
Explanation:
May 1, 2019 Purchased goods for cash Rs.10,000
2 Withdrawn cash from office for personal use Rs 1500.
3 Purchase goods on credit from ABC Traders Rs. 6,55000
5 Sold goods to Jayant 50,000
8 Cash deposited into bank Rs 2500.
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